Hey Jaroo. I have a question for u, but it is so difficulty to describe what I mean, but I'll try my best. Theme: BAM! and J16.
In post #112780 u described NZD/USD chart
I was watching this so careful: was a beautiful setup (perfect 2 bottom), so was obvious if it breaks it goes. But I coldnt find an entry point. U say that it has a perfect hourly signature. Oh ye it was marvelous (2nd chart), but how do we chose our signature? What I did - I saw a dayly close above (make sure it holds), and pull a limit order hoping that it will retrace to it next day. What was my mistake in thinking process? Or it was ok, just not one of the trades that retrace?
The second question. According to your expirience. What is the chance that there are still limit orders left near 0.7650 as soon as the second day passes by without a retrace and keeping in mind that such orders were already picked as you show on 1H signature on Wednesday? On 1D chart we still have agressive bullish move with no retrace, maybe this number is still valid?
And the last one (last chart). Thats a BOMB. Respect and respect to you. I was just watching this. Just was curious for how long previous LCS could hold. I did not belive I'll see such a miracle. But it happened .
Thanks Jaroo for sharing this.
In post #112780 u described NZD/USD chart
I was watching this so careful: was a beautiful setup (perfect 2 bottom), so was obvious if it breaks it goes. But I coldnt find an entry point. U say that it has a perfect hourly signature. Oh ye it was marvelous (2nd chart), but how do we chose our signature? What I did - I saw a dayly close above (make sure it holds), and pull a limit order hoping that it will retrace to it next day. What was my mistake in thinking process? Or it was ok, just not one of the trades that retrace?
The second question. According to your expirience. What is the chance that there are still limit orders left near 0.7650 as soon as the second day passes by without a retrace and keeping in mind that such orders were already picked as you show on 1H signature on Wednesday? On 1D chart we still have agressive bullish move with no retrace, maybe this number is still valid?
And the last one (last chart). Thats a BOMB. Respect and respect to you. I was just watching this. Just was curious for how long previous LCS could hold. I did not belive I'll see such a miracle. But it happened .
Thanks Jaroo for sharing this.
If not up, then down, otherwise sideways :-)